Market Chatter: Archer-Daniels-Midland Declares Force Majeure in Southern Louisiana Amid Snowstorm-March 2024-www.financetom.com

Market Chatter: Archer-Daniels-Midland Declares Force Majeure in Southern Louisiana Amid Snowstorm

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Market Chatter: Archer-Daniels-Midland Declares Force Majeure in Southern Louisiana Amid Snowstorm

Jan 23, 2025 3:33 AM

06:04 AM EST, 01/23/2025 (MT Newswires) -- Archer-Daniels-Midland Company ( ADM ) has declared force majeure in southern Louisiana as vessels struggle to navigate amid a harsh snowstorm, Bloomberg News reported Wednesday citing a person familiar with the matter.

The crop trader has halted the loading of grain vessels at US Gulf terminals as the region is ill-equipped to deal with such weather conditions, according to the report.

The company did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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